SONOS Reports Q1 Earnings
Santa Barbara based SONOS reported Q1 earnings today after the market close.
Sonos reported earnings per share of $0.55. The company posted quarterly revenue of $496 million. $491 million was expected, according to Refinitiv. The company reaffirmed guidance for the 2019 fiscal year, which ends September 30th. Sonos expects EBITDA of $83 million to $88 million on revenue of $1.25 billion to $1.28 billion.
SONOS had it's IPO on the Nasdaq in 2018. The company is led by CEO Patrick Spence. To date there are 19M+ products in 6.9 million homes around the world.
Santa Barbara based Ben Hyatt is founder of SantaBarbarians and gets to write about whatever interests him as a result. Interests include business, technology, film and anything community related.
